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DX2X

$--
--%
1d
1w
1m

Analysis and statistics

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  • 52 Week Change
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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  • EPS
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  • Beta
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About

DX2X.XETRA refers to the 2x Daily Long Bitcoin ETC issued by ETC Group. It's an exchange-traded cryptocurrency (ETC) that aims to provide twice the daily performance of Bitcoin. This means it's designed to amplify the gains and losses of Bitcoin on a daily basis and is traded on the XETRA exchange.
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Factors

Underlying Index Performance: DX2X.XETRA's price closely tracks the performance of its underlying index.

Supply and Demand: ETF price fluctuates based on buying and selling pressure. Higher demand drives prices up; increased selling pressure pushes them down.

Market Sentiment: Overall investor confidence and risk appetite influence ETF prices. Positive sentiment can lead to increased investment.

Currency Fluctuations: As a European ETF, currency exchange rates can impact its value for non-Euro investors.

Management Fees and Expenses: Ongoing costs reduce the fund's net asset value, affecting returns.

Tracking Error: The difference between the ETF's performance and the index's return can cause price discrepancies.

Dividends: Dividend payouts affect the net asset value and price of the ETF.

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